Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Gap Up – What’s Next?

Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $40.71, but opened at $42.73. Direxion Daily FTSE China Bull 3X Shares shares last traded at $43.49, with a volume of 5,979,143 shares.

Direxion Daily FTSE China Bull 3X Shares Trading Up 2.6 %

The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 4.13 and a beta of 2.93. The business has a 50-day moving average price of $30.18 and a two-hundred day moving average price of $29.47.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

Several large investors have recently added to or reduced their stakes in YINN. TB Alternative Assets Ltd. acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares in the 4th quarter valued at $19,162,000. IMC Chicago LLC acquired a new position in Direxion Daily FTSE China Bull 3X Shares in the 4th quarter valued at approximately $15,845,000. Jump Financial LLC boosted its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 698.0% during the 4th quarter. Jump Financial LLC now owns 238,375 shares of the exchange traded fund’s stock valued at $6,660,000 after buying an additional 208,503 shares during the period. Shengqi Capital Hong Kong Ltd purchased a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the fourth quarter worth $5,681,000. Finally, Barclays PLC boosted its position in Direxion Daily FTSE China Bull 3X Shares by 215.2% during the fourth quarter. Barclays PLC now owns 77,038 shares of the exchange traded fund’s stock valued at $2,152,000 after purchasing an additional 52,600 shares during the last quarter.

Direxion Daily FTSE China Bull 3X Shares Company Profile

Direxion Daily China Bull 3x Shares ETF (the Fund) seeks daily investment results of 300% of the price performance of the BNY China Select ADR Index (the China Index). The China Index is a free float-adjusted capitalization-weighted index designed by the Bank of New York to track the performance of a basket of companies who have their primary equity listing on a stock exchange in China and which also have depositary receipts that trade on a United States exchange or on the National Association of Securities and Dealers Automated Quotation.